Parents are source of income for Millennials, Gen Z

Many parents are helping their adult children financially, new research found. Millennials and Gen Zers report receiving financial help in many ways, including help paying bills or by moving back home. The survey found 22% of adults received financial support from parents. Gen Zers received the most, with 67% reporting they needed support. Among Millennials, 28% said their parents give them some support.

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